$119,593.00
1.42%$3,881.93
3.62%$3.27
3.16%$842.70
5.71%$189.84
2.45%$0.999798
0.01%$0.243696
3.12%$3,874.97
3.60%$0.840405
2.16%$0.319429
-0.32%$119,472.00
1.27%$4,690.53
3.69%$4.43
6.78%$43.92
1.37%$0.447431
2.37%$19.32
4.84%$4,166.60
3.68%$0.290097
4.07%$590.58
5.47%$26.15
4.92%$4,157.74
3.65%$3,878.88
3.57%$115.41
1.22%$0.00001421
1.46%$3.37
2.31%$8.96
-0.16%$0.999685
0.01%$1.001
0.00%$1.00
-0.10%$10.97
4.31%$44.98
2.02%$4.25
3.03%$119,522.00
1.46%$324.61
0.82%$0.0000129
3.80%$4.71
3.28%$0.144747
2.02%$305.28
3.30%$1.19
0.02%$0.668567
7.06%$433.34
1.52%$2.98
3.25%$23.32
2.05%$0.452314
2.62%$1.071
2.60%$5.85
3.46%$4.93
2.61%$232.02
2.81%$48.91
0.65%$0.830387
4.08%$0.105949
8.13%$0.04319654
1.32%$0.00003388
-2.15%$0.287139
4.59%$1.00
0.00%$0.46191
2.97%$3,880.10
3.67%$0.02649526
2.60%$4.37
3.71%$4.90
2.94%$1.001
-0.03%$1.22
5.37%$18.30
3.08%$0.241826
2.61%$10.37
2.07%$0.096675
2.51%$0.348635
2.94%$0.770491
5.36%$2.15
8.92%$4.60
0.54%$131.84
7.50%$2.79
4.50%$202.26
2.58%$4,419.83
3.61%$0.601171
8.17%$0.02498673
-0.61%$4,065.87
3.64%$119,574.00
1.46%$1.061
0.01%$5.14
1.13%$5.53
0.50%$15.51
4.22%$2.08
7.77%$11.60
-0.14%$0.090635
1.23%$4,078.10
3.69%$0.99981
0.01%$4,146.46
3.29%$1.032
-5.38%$4,190.64
3.45%$1.37
3.35%$0.863238
6.96%$1.00
0.16%$0.997805
0.02%$1.33
2.10%$0.751788
4.10%$4,078.94
3.66%$0.00013126
1.57%$1.00
0.01%$0.600885
6.19%$214.18
2.72%$1.14
7.06%$841.90
5.53%$119,338.00
1.60%$0.341114
1.66%$0.110613
5.34%$3.15
12.26%$1.61
2.07%$31.25
2.96%$1.15
6.27%$0.999113
-0.12%$0.169968
2.52%$3,866.95
3.34%$249.45
2.67%$0.186647
1.42%$119,352.00
1.42%$0.901808
0.92%$3,346.96
-0.26%$0.00266555
-5.81%$0.939653
5.65%$120,299.00
1.01%$0.352027
1.87%$0.58299
2.35%$1.11
-0.09%$1.00
0.01%$0.221889
5.55%$3.23
6.02%$0.01772564
2.89%$0.01845918
4.33%$3,880.59
3.55%$3,339.56
-0.27%$4,148.18
3.68%$4,033.94
2.74%$0.139636
7.60%$9.92
1.39%$0.321642
3.83%$0.902933
1.50%$0.999477
-0.07%$4.41
-0.47%$2.04
2.30%$111.94
0.00%$0.00000069
1.71%$42.04
1.69%$0.426396
2.98%$1.088
-0.44%$119,413.00
1.00%$0.492439
2.81%$0.99883
0.06%$0.55697
2.44%$3,879.45
3.62%$0.00000169
10.27%$3.54
4.46%$0.328901
3.61%$1.96
-0.50%$0.243621
3.16%$0.00871798
-0.28%$0.061181
8.59%$4,125.46
3.72%$30.33
2.17%$119,808.00
1.67%$1.00
0.07%$0.997731
0.02%$0.569862
3.66%$0.01653721
1.20%$0.00617906
3.86%$118,453.00
1.34%$3,878.88
3.53%$4,281.03
3.74%$0.999277
-0.12%$1.28
5.19%$0.075064
1.11%$0.00911
4.59%$0.322146
-2.44%$1.51
2.50%$43.94
1.37%$0.650462
1.96%$7.92
3.21%$4,245.93
4.39%$0.425284
4.02%$1.10
0.84%$0.138315
4.96%$0.197739
2.15%$0.998272
-0.04%$0.651509
4.79%$17.06
4.08%$6.86
3.70%$51.34
4.44%$0.00002366
4.36%$4,702.99
3.75%$0.00000112
9.10%$0.00000047
1.20%$3,850.48
3.10%$1.16
0.05%$1.13
22.14%$3,880.51
3.79%$5.51
-6.71%$1.42
4.99%$0.449658
-18.42%$0.00870607
-0.19%$2.67
3.00%$0.061245
7.84%$0.404104
1.55%$0.04445808
4.49%$7.41
-1.02%$0.08906
5.36%$10.76
0.00%$0.409916
-0.20%$1.095
0.08%$13.91
-0.43%$31.83
5.10%$0.292997
4.29%$1.003
0.31%$26.17
5.04%$0.999808
0.01%$1.002
0.02%$209.16
3.00%$0.152231
3.79%$0.999727
-0.01%$1.43
2.43%$0.186613
-0.93%$0.581628
1.98%$0.02020583
0.12%$0.855753
6.69%$145.45
3.34%$0.387785
3.13%$0.576303
2.37%$43.91
1.47%$0.03734676
-0.10%$0.0036857
6.08%$22.46
0.65%$0.03449714
-1.66%$120,280.00
1.94%$0.00527192
2.09%$0.0000646
2.59%$0.363133
-6.32%$0.00416272
4.47%$0.768036
3.47%$0.845757
5.46%$119,508.00
1.34%$0.241522
2.51%$4,080.37
3.32%$4,369.84
3.63%$0.00395761
2.18%$0.092105
3.89%$1.37
1.58%$0.00372793
2.59%$0.999674
0.01%$215.18
2.79%Reading
Correction: This story has been updated to show that Bank Frick is still using SWIFT.
A Liechtenstein-based bank is making it possible for its clients to use the USDC stablecoin to transfer money.
Since its founding in 1998, Bank Frick has revamped into one of Europe's preeminent blockchain banks, offering crypto trading and custody for institutional clients miners and mining firms.
"With the addition of USDC, we enable our customers to process USD payments quickly and token-based. Compared to the classic SWIFT procedure, the processing time is significantly reduced", says Stefan Rauti, head of blockchain banking at Bank Frick.
The Society for Worldwide Interbank Financial Telecommunication, or SWIFT, has remained in use by major financial institutions since its origin in the 1970s. However, following the emergence of cryptocurrencies—specifically stablecoins—the omnipresent SWIFT has met stern resistance.
Created under a collaboration between Coinbase and fintech firm Circle, USDC—like most stablecoins—is pegged 1:1 to the US dollar, providing the stability of fiat currency with the utility of a digital asset.
Rewards for holding USDC on Coinbase are now significantly reduced. Coinbase announced the reward from holding USDC in Coinbase accounts would drop from 1.25% to just 0.15% via an email announcement early Tuesday morning. The 88% reduction brings the annual interest rate closer to those offered by major banks, and well below savings rates offered by some other banking and fintech institutions. Coinbase announced new interest rates for USDC in an email to its customers. It’s a significant blow t...
According to Circle co-founder and CEO, Jemery Allaire, Bank Frick's addition of USDC is part of a growing trend among financial institutions.
"A trend we are seeing and expecting to surge in the year ahead—regulated banks adding support for USDC, which is becoming a significant alternative rail to value transfer for banks," Allaire said in a tweet.
A trend we are seeing and expecting to surge in the year ahead -- regulated banks adding support for USDC, which is becoming an significant alternative rail to value transfer for banks. https://t.co/xGblEbOouT
— Jeremy Allaire (@jerallaire) June 8, 2020
Since the start of the year, USDC has added over $230 million to its market cap, bringing it to around $750 million. Though regardless of this impressive year to date growth, it's but a drop in the water compared to the leading stablecoin, Tether (USDT), which has added over $5 billion to its total market cap in 2020 alone. Can adoption in the real world change that?
Another day, another crypto treasury. Biotech firm Windtree Therapeutics said Thursday that it plans to buy up to $700 million worth of BNB to put on its balance sheet—one day after the asset hit a new all-time high price. The Warrington, Pennsylvania-based company, which trades on the Nasdaq under the ticker WINT, said that it is raising up to $520 million to fuel BNB purchases after previously announcing a plan to buy $200 million in the cryptocurrency. It also said it would partner with crypt...
A former digital assets executive at BlackRock, Joseph Chalom, has joined publicly traded Ethereum treasury company SharpLink Gaming as co-CEO, the firm announced on Friday. Chalom, who helped launch BlackRock’s Bitcoin and Ethereum ETFs, led the financial giant’s strategy on digital assets as the managing director and head of strategic ecosystem partnerships. “After 20 years at BlackRock and helping to lead its digital asset strategy, I’m beginning a new chapter: I’ve joined SharpLink Gaming a...
At Tron’s principal place of business in Winter Park, Florida, there are no apparent signs of Chinese crypto mogul Justin Sun or the $30 billion blockchain that he founded, such as placards, business cards, or even a sign. Instead, the publicly traded Tron—formerly known as SRM Entertainment—keeps a low profile at Regus, a communal office space in the affluent Orlando suburb, where the firm specialized in designing theme park merchandise and stuffed goods under its previous name. Two representat...
